Audit the Fed!

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."--Thomas Jefferson With all of this talk about National Deficit Spending and the Stimulus, I often times try to make sense out of monetary policy that is legislated. I won’t try to explain credit default swaps or intrinsically predatory loans; it would bore me writing it, and I’m sure it would bore you reading it. I’m going to talk to you about exactly what a stimulus is. A stimulus is a loan. That’s all. But it’s a loan that we take out using an imaginary credit card that...